150
150
Sep 30, 2012
09/12
by
CNBC
tv
eye 150
favorite 0
quote 0
there's that and the defense budget. we are undertaxed. need to raise more revenues. do that by broadening the base and lowering rates and getting more revenue in. democrats need to compromise on entitlement reform and republicans need to compromise on taxes. again, it's not hard to figure out. it's just getting the political well encouraged to get the job done. >> they just can't come together. good to have you on the program. >> nice to see you. >> thank you so much. sheila bair joining us. >>> up next, do things go better with coca cola? the company's ceo thinks so. i'll talk to the head of the soft drink giant about bringing clean water to those around the globe. >>> well, this week in new york saw the eighth meeting of the clinton global initiative, the annual gathering of leaders and bold-faced names to address some of the globe's most challenging dilemmas. many in the developing world lack access to clean drinking water. ceo of the world's largest beverage company, coca cola, and the inventor of the segue let me in on their plans to quench that thirst. >> so ma
there's that and the defense budget. we are undertaxed. need to raise more revenues. do that by broadening the base and lowering rates and getting more revenue in. democrats need to compromise on entitlement reform and republicans need to compromise on taxes. again, it's not hard to figure out. it's just getting the political well encouraged to get the job done. >> they just can't come together. good to have you on the program. >> nice to see you. >> thank you so much. sheila...
301
301
Sep 29, 2012
09/12
by
CNBC
tv
eye 301
favorite 0
quote 0
-- for defense cuts. i mean, aren't your programs niche enough that you may not even feel it if there is sequestration? >> we absolutely have capabilities that are not platform dependent. the big savings come from taking platforms out of the inventory. we provide things that go onto those platforms or for soldier systems, radios, night vision goggles and jammers we put into aircraft and vehicles. so we have a lot of capabilities that are very compatible with the department of defense stated priorities as they go forward in the pacific and other places that they think are important. the thing that was most unnerving, i read all your presentations, the department of defense hasn't really given any guidance what's going to happen. >> they haven't. >> that's a little weird, isn't it? we're a few months away. >> our customer in some ways doesn't know anymore than the defense industry does at this point about where the cuts will be. i think that they're taking a hard look at programs and where they might take t
-- for defense cuts. i mean, aren't your programs niche enough that you may not even feel it if there is sequestration? >> we absolutely have capabilities that are not platform dependent. the big savings come from taking platforms out of the inventory. we provide things that go onto those platforms or for soldier systems, radios, night vision goggles and jammers we put into aircraft and vehicles. so we have a lot of capabilities that are very compatible with the department of defense...
241
241
Oct 1, 2012
10/12
by
CNBC
tv
eye 241
favorite 0
quote 0
in the defense sector, there's a real opportunity for savings by reducing service contracts. they're at record high levels. you know, like any other business tightening its belt, reduce our cost for outside vendors. some of these things can be, "a" done more efficiently with oversight and fewer cost overruns but always just done more cheaply. >> why do you think this isn't being done now? >> everything we have in our report is actually a low-hanging fruit substantively, but politically we have no illusions that these are all easy. everybody's got their constituency they're going to support. so these are things -- we need leadership. we need people to say this is the right thing. evidence doesn't support continuing to spend money on the osprey which has a 6% effective rate in combat. we can't have our troops using equipment that doesn't work. let's stop paying for it. we can't give money to industries that are incredibly profitable. so let's stop just giving money to people who have land that used to be farmed. let's stop the programs we can no longer afford and don't pack a p
in the defense sector, there's a real opportunity for savings by reducing service contracts. they're at record high levels. you know, like any other business tightening its belt, reduce our cost for outside vendors. some of these things can be, "a" done more efficiently with oversight and fewer cost overruns but always just done more cheaply. >> why do you think this isn't being done now? >> everything we have in our report is actually a low-hanging fruit substantively,...
215
215
Sep 27, 2012
09/12
by
CNBC
tv
eye 215
favorite 0
quote 0
s numbers are how well it's doing at playing defense. we know that part of their strategy is discounting their products, hoping they can create somewhat of a moat around them and give them time to get blackberry 10 out. seems that defensive strategy is working better than a lot of people expected. their average selling price is not down as much as people expected. a number of analysts expected them to do worse than that $2.5 billion number. they got up to 2.9. what we're seeing here is the the defensive strategy. it remains to be seen now that the iphone 5 is out and the samsung galaxy iii is out in the channel. >> all right, john. thank you so much. stock up big, 14% higher on r.i.m. up next, europe is a mess. the u.s. and china are slowing down. where is global growth coming from? bob hormats is with me. >>> then, it seems like a number of americans are learning a bad habit from washington. we'll tell you which one next. e, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get h
s numbers are how well it's doing at playing defense. we know that part of their strategy is discounting their products, hoping they can create somewhat of a moat around them and give them time to get blackberry 10 out. seems that defensive strategy is working better than a lot of people expected. their average selling price is not down as much as people expected. a number of analysts expected them to do worse than that $2.5 billion number. they got up to 2.9. what we're seeing here is the the...
61
61
Sep 27, 2012
09/12
by
CNBC
tv
eye 61
favorite 0
quote 0
more growth-oriented equities than more of the defensive names. but those growth equities that have supportable dividends. and are leveraged toward future economic growth. and i would have some money in bonds to guard against inflation, recession, double dip, worries about a fiscal cliff and a recession that could cause and some of those issues we really have a lot of uncertainty at this point. >> for those of you watching at home and think you want us to go into growth-orientated stocks. also the recent economic data like the durable goods today. are we sliding backwards economically speaking? >> we're longer-term investors. i view it as longer-term opportunities. some of the defensive names have run up quite a bit for a lot of reasons that were given. so there's some opportunity in some of the more leveraged, higher-growth, higher beta, higher volatility types of names out there. >> does that mean -- we'll get back to you in a second, but i want to follow up with you, michael on that. are you selling some of the miners? i know you like b.h.p. bi
more growth-oriented equities than more of the defensive names. but those growth equities that have supportable dividends. and are leveraged toward future economic growth. and i would have some money in bonds to guard against inflation, recession, double dip, worries about a fiscal cliff and a recession that could cause and some of those issues we really have a lot of uncertainty at this point. >> for those of you watching at home and think you want us to go into growth-orientated stocks....
272
272
Oct 1, 2012
10/12
by
CNBC
tv
eye 272
favorite 0
quote 0
brian belski, you don't consider your play a defensive play that you like right now. in the categories where you like the dividends, where do you like? consumer staples? where do you play it? industrials? >> we're overweight staples, industrials, tech and energy because those are the companies with great cash flow, great earnings consistency, oh, by the way, many of those companies are growing their dividends. it's a great kind of wrap-up it up into one party. >> the key is dividend growth. great to see you. that is first hour of "the closing bell." don't go
brian belski, you don't consider your play a defensive play that you like right now. in the categories where you like the dividends, where do you like? consumer staples? where do you play it? industrials? >> we're overweight staples, industrials, tech and energy because those are the companies with great cash flow, great earnings consistency, oh, by the way, many of those companies are growing their dividends. it's a great kind of wrap-up it up into one party. >> the key is dividend...
108
108
Sep 26, 2012
09/12
by
CNBC
tv
eye 108
favorite 0
quote 0
bergersen got almost five years for communicating national defense information. kuo, a naturalized american citizen, is in a u.s. prison doing 15 years for espionage. for every case that is broken, like the bergersen case, for example, how many others are there that we have no idea about? >> oh, isn't that the important question? you never know what you don't know. but, certainly, we have seen such an extensive range of activities by the chinese that it should make you very uncomfortable. >> since this story aired, tai shen kuo's sentence was reduced to five years because he cooperated with the prosecution, and the judge felt the damage to national security had been limited. he's scheduled to be released in june of 2012.
bergersen got almost five years for communicating national defense information. kuo, a naturalized american citizen, is in a u.s. prison doing 15 years for espionage. for every case that is broken, like the bergersen case, for example, how many others are there that we have no idea about? >> oh, isn't that the important question? you never know what you don't know. but, certainly, we have seen such an extensive range of activities by the chinese that it should make you very uncomfortable....
288
288
Oct 1, 2012
10/12
by
CNBC
tv
eye 288
favorite 0
quote 0
is obama really going to be able to articulate a defense on fiscal policy. i haven't heard him give any speech where he seems to be in the weeds on this. >> i thought he was a tough campaign strategist. >> now, look, if he takes my advice, which he won't do. i would talk about the following. i have a bill that all kinds of economists say would create at least a million jobs, congress won't touch it. >> i think that we haven't answered the funnel eed the fun question that -- if romney gets into this pro business thing, are we going to have inflation like your venezuelan idea? >> i don't care much about venezuela, although it looks like what's his name is going to lose, chavez is going to lose. i do remember argentina having been down there several times in in the 1990s, you buy all these bonds, you have a triple digit inflation rate. lee munson, thanks. >> i'm a bull, it's okay to be a bull. >> all right, the kudlow caucus is staying throughout the area. here's what we're going to tackle up next, the north koreans now, they say we're planning to inthey would
is obama really going to be able to articulate a defense on fiscal policy. i haven't heard him give any speech where he seems to be in the weeds on this. >> i thought he was a tough campaign strategist. >> now, look, if he takes my advice, which he won't do. i would talk about the following. i have a bill that all kinds of economists say would create at least a million jobs, congress won't touch it. >> i think that we haven't answered the funnel eed the fun question that -- if...
153
153
Sep 25, 2012
09/12
by
CNBC
tv
eye 153
favorite 0
quote 0
looks like the defensive guy has possession but it was ruled a touchdown. rest of the world knows it was the wrong call, seattle wins, green bay loses, the nfl just released a statement standing by the call that golden tate should be credited with a touchdown but admitted a penalty should have been call and negated it, whatever that is worth this is a quote, "this should have been a penalty for offensive pass interference which would have ended guy. it was not called and is not reviewable in instant replay." that result rocked the betting world. most of the reports say the play caused a $150 million to $300 betting swing but several gambling sources tell the cnbc that the number is most likely over 8 billion. jay kornegay who runs the sports book at the las vegas hotel and casino says 12 to 15 million was bet on the game in vegas, usually is 1 to 2% of the global take. you include internet exoverseas, et cetera. that's talking about 750 million. now, consider that there's a loser for every winner and we are talking about, sue, 1.5, folksily, billion dollar
looks like the defensive guy has possession but it was ruled a touchdown. rest of the world knows it was the wrong call, seattle wins, green bay loses, the nfl just released a statement standing by the call that golden tate should be credited with a touchdown but admitted a penalty should have been call and negated it, whatever that is worth this is a quote, "this should have been a penalty for offensive pass interference which would have ended guy. it was not called and is not reviewable...
237
237
Sep 28, 2012
09/12
by
CNBC
tv
eye 237
favorite 0
quote 0
osama bin laden was dead so we could slash defense and pull out of afghanistan early and leave iraq entirely and now the narrative is in tatters. they had a huge personal political interest in maintaining that narrative. it was wrong to begin. it is wrong now and the president himself, even the day after his own director of counterintelligence, matthew olson said it is a terrorist act. this guy went on "the view" of all places to repeat the lie. >> and it is worse than that. he went before the u.n. i read his speech. he had three fat paragraphs mr. obama did trying to sell the video/spontaneous demonstration. still, that was, what, this past tuesday. >> correct. >> and remember, he and mrs. clinton went on tv in pakistan still apologizing for the video. they have so much invested in the notion that if we reach out, don't offend these people we will get along fine. it is ludicrous. it's a lie and the president of the united states needs to come before the american people and explain to them what did he know? when did he know it? and why has he and senior officials been lying. >> is jack jacob
osama bin laden was dead so we could slash defense and pull out of afghanistan early and leave iraq entirely and now the narrative is in tatters. they had a huge personal political interest in maintaining that narrative. it was wrong to begin. it is wrong now and the president himself, even the day after his own director of counterintelligence, matthew olson said it is a terrorist act. this guy went on "the view" of all places to repeat the lie. >> and it is worse than that. he...
261
261
Oct 2, 2012
10/12
by
CNBC
tv
eye 261
favorite 0
quote 0
defensive nature to the sectors that were doing well today. the classic defensive plays, health care and utilities leading the way followed by everybody's favorite these day, telecom, because of that dividend play. the financials are squeaking out a gain at the close. peter costa, what do you make of this late comeback? >> we've seen the last few days where the market's been up and sold off towards the end of the day. this is just a reversal. i think towards the end of the day we've seen a lot of reversals. you know, short positions being covered. >> the spanish, we believe they'll eventually ask for help from the european central bank. >> get it over with. >> what does the market do when that finally happens? >> well, i think there will be a sigh of relief. one of the question marks that's been overhanging the market for the last six months will be answered. i would imagine it would be not fully answered, but it will be answered. i think the market will probably rally after that. i guess we'll go to earnings season and follow it through there
defensive nature to the sectors that were doing well today. the classic defensive plays, health care and utilities leading the way followed by everybody's favorite these day, telecom, because of that dividend play. the financials are squeaking out a gain at the close. peter costa, what do you make of this late comeback? >> we've seen the last few days where the market's been up and sold off towards the end of the day. this is just a reversal. i think towards the end of the day we've seen...
176
176
Sep 25, 2012
09/12
by
CNBC
tv
eye 176
favorite 0
quote 0
it's a warm and fuzzy name for a defense company. >> absolutely. beads. doesn't sound bad whatsoever. a little bit of a feminine touch there if you think about what you can put around your neck, but i i like it, too. the latest in that development is of course tomorrow tom enders will step into front of the german parliament to map out the kind of deal that we may expect from that merger. until now, all the governments involved, uk, u.s. as well as the french and german of course have come up with a lot of yes buts. meaning they're looking at trying to safe guard jobs and also a possible takeover and the golden share offered quite a few days ago, however it could be getting in to problems when it comes into the eu competition wall. so we really have to see. perhaps tomorrow after that meeting, we could see more information. ross. >> all right. thanks for that, patricia. >> want to just quickly sticking with transport, take a look at continental shares, they're down now more than 4% in frankfurt trade, this after the company's major shareholder sold over 2
it's a warm and fuzzy name for a defense company. >> absolutely. beads. doesn't sound bad whatsoever. a little bit of a feminine touch there if you think about what you can put around your neck, but i i like it, too. the latest in that development is of course tomorrow tom enders will step into front of the german parliament to map out the kind of deal that we may expect from that merger. until now, all the governments involved, uk, u.s. as well as the french and german of course have...
282
282
Sep 27, 2012
09/12
by
CNBC
tv
eye 282
favorite 0
quote 1
the minus 1.6 number on x transportation i'm guessing another big decline in defense, defense aircraft was down and where is defense overall? it looks like defense capital goods down 40% so this is a thing that has to do with maybe we're seeing some of the -- >> is this the fiscal cliff? >> it wouldn't be the face fiscal cliff as much as what is happening in afghanistan and iraq, and the drawdown. i have to call the pentagon and see if they'll give us a general idea on spending. we have been chronicling over the last 11 years the complete inability of the government to count what the government spends and/or hires, it's been a source of amazing frustration. i get they have trouble with the private sector but you'd think they'd get the hiring of government officials or government workers to be right. on the claims number, a little bit towards the things are getting a little better number. rick, i didn't see the continuing claims number. some economists were looking for that gauge for how they do on what their sense of unemployment is as well. >> i'll run and check it while you keep talk
the minus 1.6 number on x transportation i'm guessing another big decline in defense, defense aircraft was down and where is defense overall? it looks like defense capital goods down 40% so this is a thing that has to do with maybe we're seeing some of the -- >> is this the fiscal cliff? >> it wouldn't be the face fiscal cliff as much as what is happening in afghanistan and iraq, and the drawdown. i have to call the pentagon and see if they'll give us a general idea on spending. we...
388
388
Sep 25, 2012
09/12
by
CNBC
tv
eye 388
favorite 0
quote 0
we have a very rich heritage of participation in the defense of our country in the commonwealth and with the ability for us to go forward as a country, virginia plays a very important role and when you see the president refusing to get involved with substituting these defense cuts it will have a real impact on the communities across our commonwealth and it means real jobs and it will mean real layoffs and i believe that will end up winning virginia for a while. >> it's interesting, though, if you're looking at this as a voter, could you pick anybody to blame for this as we head toward the fiscal cliff. why do you think it goes back to the president on this? >> when the entire debt ceiling debate culminated august 2nd last year, you recall the resolution at the time to avoid going over that cliff was that we put in place the agreement that the super committee was supposed to come up with the remaining cuts that we were unable to do so at the white house. unfortunately, the two parties didn't get together, and instead we now have this sequestration in place that will become real at the end
we have a very rich heritage of participation in the defense of our country in the commonwealth and with the ability for us to go forward as a country, virginia plays a very important role and when you see the president refusing to get involved with substituting these defense cuts it will have a real impact on the communities across our commonwealth and it means real jobs and it will mean real layoffs and i believe that will end up winning virginia for a while. >> it's interesting,...
254
254
Oct 2, 2012
10/12
by
CNBC
tv
eye 254
favorite 0
quote 0
once in the organization and another plays defense. it is not the bears' defense. it is more the jets. you know what they are? they are on the punt pass. the season is over. >> two games left. >> there's a pup blast, a physically unable to perform list and microsoft is on the pup list. hewlett-packard is on there, dallas i.r. is there. >> are they career-ended injuries? >> come on, microsoft has a 3% dividend yield. >> sanchez just has to complete 3% of his passes. >> just keep going. >> i want to go with the man -- people didn't go for this. i'm going football metaphors. >> i thought it stayed on so i wasn't following. >>> let's talk american airlines. american airlines has temporarily grounded eight plans evaluated after seems became loose on two lanes in the last few dids. the investigators are the latest setback for america. they have been hurt in flight delays and cappslations causing travel agents to book flights with other airlines. of course, there a bitter dispute going on and a lot of the delays are pilot differentiated. americans lost could really be a g
once in the organization and another plays defense. it is not the bears' defense. it is more the jets. you know what they are? they are on the punt pass. the season is over. >> two games left. >> there's a pup blast, a physically unable to perform list and microsoft is on the pup list. hewlett-packard is on there, dallas i.r. is there. >> are they career-ended injuries? >> come on, microsoft has a 3% dividend yield. >> sanchez just has to complete 3% of his passes....
220
220
Sep 26, 2012
09/12
by
CNBC
tv
eye 220
favorite 0
quote 0
so they had somewhat defensive tendencies back then. so i really don't think it's essential to see leadership from the transportation sector. i'd really prefer to see frit the technology sector, which we have seen. >> walk us through what is leading -- and also, in terms of small caps, things with a little higher volatility that people tend to look to as canaries. >> right. so small caps -- and i'd also highlight emerging markets as having captured some performance recently. if you look at the emerging market shares, they've really lost momentum. i think investors will ultimately be seek out performance there because they're less overbought than the u.s. market. >> i heard you suggest that it was a buying opportunity. i didn't quite catch the level that you were targeting on the s&p. how high do you think we can bounce? >> well, 1420 is initial support and the breakout that we saw recently targeted about 1530, although the next resistance that it faces is up at the 2007 high. >> 1530 is 100 points higher than we are now. >> it is. and i
so they had somewhat defensive tendencies back then. so i really don't think it's essential to see leadership from the transportation sector. i'd really prefer to see frit the technology sector, which we have seen. >> walk us through what is leading -- and also, in terms of small caps, things with a little higher volatility that people tend to look to as canaries. >> right. so small caps -- and i'd also highlight emerging markets as having captured some performance recently. if you...
297
297
Sep 28, 2012
09/12
by
CNBC
tv
eye 297
favorite 0
quote 0
. >> in illinois today, europe begins its defense of the ryder cup. four matches this morning and four more matching in the afternoon. rory mcilroy and graham mcdowell within the first to tee off against jim furyk and snedeker. >> so we're hoping for him. no tiger/rory match-up today. and you remember somebody -- norman said that rory mcilroy intimidating tiger. nobody intimidates tiger. >> you would. >> i don't intimidate tiger or his caddie. he got rid of that thug. i think he's now with adam scott. but then the guy said adam scott won some average tournament and he said it was the greatest caddying game. i think he's a kiwi, isn't he? anyway, now today's weather forecast. alex wall larks i was trying to find out when on nbc the ryder cup starts today. >> i'll find out. >> alex, you're a renaissance man. you don't just know about rain, do you you? is there rain in illinois? how about that? >> it looks like the rain will be sinking just south of illinois, maybe a few showers this morning. but later today should be a little drier. >> who is it on toda
. >> in illinois today, europe begins its defense of the ryder cup. four matches this morning and four more matching in the afternoon. rory mcilroy and graham mcdowell within the first to tee off against jim furyk and snedeker. >> so we're hoping for him. no tiger/rory match-up today. and you remember somebody -- norman said that rory mcilroy intimidating tiger. nobody intimidates tiger. >> you would. >> i don't intimidate tiger or his caddie. he got rid of that thug. i...
257
257
Sep 28, 2012
09/12
by
CNBC
tv
eye 257
favorite 0
quote 0
think there is an appreciation that you don't do it, you sta a start off with cuts, 50 billion from defense, 50 billion from important programs. nobody comes ahead from either side of the aisle and certainly the american public does not come out ahead. >> you have built a very successful firm, gotten very nice press lately at center view. while the industry has been suffering to say the least. what do you make of 2013 as we head into it? i hear that we're going to see so many big investment banks still need to cut both compensation and perhaps head count. >> so clearly the industry remains in a period of transition. it's been like this for a few years. but i think it's important to recognize that this industry has always had periods of transition. just in my career, 25 years, i can think of three different cycles. the industry always comes out on top on a competitive basis globally. i do think we still have the most intellectual capital anywhere in the industry. the most innovation. and you already see firms doing what they should do to get to the right place. they're focusing on businesses
think there is an appreciation that you don't do it, you sta a start off with cuts, 50 billion from defense, 50 billion from important programs. nobody comes ahead from either side of the aisle and certainly the american public does not come out ahead. >> you have built a very successful firm, gotten very nice press lately at center view. while the industry has been suffering to say the least. what do you make of 2013 as we head into it? i hear that we're going to see so many big...
212
212
Sep 26, 2012
09/12
by
CNBC
tv
eye 212
favorite 0
quote 0
elsewhere, australia miners ended lower, but defensive headquarters capped loss on that market. india's index lowered by about .4 of a percent. >>> let's get over to london now and the latest out of europe. kelly evans is standing by with that. kelly, what can you tell us about some of the chaos there? >> becky, good morning. pretty much get a sense from looking behind me, it's great to see her, by the way, on your program. usually we just get to hang out on "worldwide exchange." you'd be hard pressed to find stocks in the green. there's a couple over there, but really not too many to mention. this is a pretty broad-based selloff. for the most part. we can take a look at the ftse 100. now greater than 1% on the morning. dax down 1.5%. cac shedding nearly 2% at this point. spain's ibex down 2.65%. this is where some of the real action has been. i almost don't need to do anything else but show you this chip and that can give you a sense of what's happening in markets. we've seen concerns about the health of different regions of spain drawing on the sovereign's finances. that start
elsewhere, australia miners ended lower, but defensive headquarters capped loss on that market. india's index lowered by about .4 of a percent. >>> let's get over to london now and the latest out of europe. kelly evans is standing by with that. kelly, what can you tell us about some of the chaos there? >> becky, good morning. pretty much get a sense from looking behind me, it's great to see her, by the way, on your program. usually we just get to hang out on "worldwide...
259
259
Oct 3, 2012
10/12
by
CNBC
tv
eye 259
favorite 0
quote 0
>> we had a pretty darn good economy when we were playing bill clinton's tax rates and then it cuts defenses we haven't done in 30 years and entitlement programs. >> there's a few on the left that admit that going back to the clinton tax rates is not just for people who are 250, it's for everyone. >> i agree with that. >> $200 billion in the middle class from the bush tax cuts and $100 billion from the payroll tax cut -- >> it would do a lot. >> we should take our medicine, we should do it. >> that's where i think you're right. we have to -- any politician who says democrat or republican, we're going to get out of this without suffering some pain -- >> that's what we're hearing from paul krugman who says any democrat that goes along with the simpson/bowles. >> only for one reason, you shouldn't raise the -- you shouldn't raise the eligibility for medicare to 67. that makes no sense at all. but otherwise -- >> why doesn't it? >> because medicare is the only universal health care plan that we have in this country. and to raise it at the time when people are retiring is insane. and furthermore,
>> we had a pretty darn good economy when we were playing bill clinton's tax rates and then it cuts defenses we haven't done in 30 years and entitlement programs. >> there's a few on the left that admit that going back to the clinton tax rates is not just for people who are 250, it's for everyone. >> i agree with that. >> $200 billion in the middle class from the bush tax cuts and $100 billion from the payroll tax cut -- >> it would do a lot. >> we should...
128
128
Sep 30, 2012
09/12
by
WRC
tv
eye 128
favorite 0
quote 0
cyber tax poses a clear and present danger, but congress cannot agree on how to bolster the digital defenses. we'll talk about the implications for business. former cia director. michael hays. it was hailed as the biggest overhaul of wall street rules begins the great depression. more than two years later, dangers remain. we'll have an exclusive bloomberg government analysis where the law really stands. >>> and meet the woman leading the defense industry's battle to block sweeping automatic budget cuts. you need to know marianne blake. >> peter: i'm peter cook. welcome to capitol gains, stay with us for the next half hour. bloomberg government focused on the government impact of businesses and the economy. its exclusive research and analysis you cannot find anywhere else. this week, the debate over what needs to be done to bolster the country's defenses against cyber attack. this week, wells fargo found their banks under attack. the suspect iran. they deny it. but republicans and democrats left town without coming to a deal on this. now they think the president may act on its own. an exclusi
cyber tax poses a clear and present danger, but congress cannot agree on how to bolster the digital defenses. we'll talk about the implications for business. former cia director. michael hays. it was hailed as the biggest overhaul of wall street rules begins the great depression. more than two years later, dangers remain. we'll have an exclusive bloomberg government analysis where the law really stands. >>> and meet the woman leading the defense industry's battle to block sweeping...
118
118
Sep 30, 2012
09/12
by
WJLA
tv
eye 118
favorite 0
quote 0
the departmement of defense uses to procureny kind product they need. ether somebody in the dertment defense is ordering a pencil or an armored tank, ty need to make sure e they use thehe procement system inlacece and we provide the traraining so employees within dod know how to use t the systetem. just one exaxample. >> what do you know thatatod does not augur know ---- already know better in tererms o of buying a tank? >> we know thehe processes ohow to convey the educaonal formatioion so peoplknow how to do it. our companyoces on implementing the right process so people have access to t riright information and education anand they canake informed decisions anand be better at their jobs. >> one othe things he stressed that the conference i attenended was constantly adapting to the markets. the trick k for that, whether y you are a business owner are trying toto remain viable in the workace, is no getting to the party when it is halfway over. how do you look at where the market is and change and adapt without being almost too late for what is going to
the departmement of defense uses to procureny kind product they need. ether somebody in the dertment defense is ordering a pencil or an armored tank, ty need to make sure e they use thehe procement system inlacece and we provide the traraining so employees within dod know how to use t the systetem. just one exaxample. >> what do you know thatatod does not augur know ---- already know better in tererms o of buying a tank? >> we know thehe processes ohow to convey the educaonal...
142
142
Sep 27, 2012
09/12
by
CSPAN
tv
eye 142
favorite 0
quote 0
discuss defense contractors. a look at the urging of politics, and a george mason university professor on the sake of the u.s. housing market. host: several stores focusing on the battleground state of ohio. president obama with a five piont lead. president clinton hinting an arm of al qaeda was behind the attacks. a wall street journal stories says companies are changing how health care will be a provided to their employees. they will give their workers a fixed amount of money and allow them to choose their own medical company. consumer spending saw the largest rise in 2011 suggesting customers are spending more at restaurants, clothing, and for health care. we will look at what the labor department found out. but we want to talk to you about your spending habits as they stand today. are you spending more, and if you are tell us why. if you want to reach out to us on social media, @cspanwj for twitter. you can always send us an e- mail. here is a story yesterday and "the wall street journal." the labor departmen
discuss defense contractors. a look at the urging of politics, and a george mason university professor on the sake of the u.s. housing market. host: several stores focusing on the battleground state of ohio. president obama with a five piont lead. president clinton hinting an arm of al qaeda was behind the attacks. a wall street journal stories says companies are changing how health care will be a provided to their employees. they will give their workers a fixed amount of money and allow them...
141
141
Oct 1, 2012
10/12
by
CSPAN
tv
eye 141
favorite 0
quote 0
yes, the defense budget can be cut. frankly, the defense department knows that. >> the word sequester. i have had people say, what does that mean? it is said it will be a disaster for our national security. >> i do not pretend to know. the cutbacks in social security and medicare, those were things i threw into the pot. geoff, he threw in the defense budget. i would not have thought of it because it is so untouchable. what will happen? i do not know. but, i think we have to be spending too much money given what the rest of the world spends. >> what do you think of the elected officials in this country, from your position? >> i think some of them are wonderful. a lot of them are trying to do the right thing, which they could. i think a lot of them feel trapped by the forces that work in the society that force them to disdain compromise, to treat politics as warfare, which it did not used to be. i think most of them, not all, but most of them, in their heart of hearts, would be willing and happy to compromise. but they do
yes, the defense budget can be cut. frankly, the defense department knows that. >> the word sequester. i have had people say, what does that mean? it is said it will be a disaster for our national security. >> i do not pretend to know. the cutbacks in social security and medicare, those were things i threw into the pot. geoff, he threw in the defense budget. i would not have thought of it because it is so untouchable. what will happen? i do not know. but, i think we have to be...
110
110
Sep 30, 2012
09/12
by
WJLA
tv
eye 110
favorite 0
quote 0
you have to get spending under control and the defense budget. we are under taxed, need to raise rev knews you can do it by broadening the base and lowering rates and getting more revenues in. and there needs to be reform. it is not hard to figure out. it is just getting them encouraged to get the job done. >> they can't come together. nice to have youthn the program. sheila bair joining us. >>> up next, do thingngs go betr withth coca-cola? the head of the comompany think so. so. and we have more on americans believe they should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where ey want. doing what they nt. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ and those well grounded. for what's around this corner..... and the next. there's cash flow options from pnc. solutions to help
you have to get spending under control and the defense budget. we are under taxed, need to raise rev knews you can do it by broadening the base and lowering rates and getting more revenues in. and there needs to be reform. it is not hard to figure out. it is just getting them encouraged to get the job done. >> they can't come together. nice to have youthn the program. sheila bair joining us. >>> up next, do thingngs go betr withth coca-cola? the head of the comompany think so....
105
105
Sep 28, 2012
09/12
by
CSPAN
tv
eye 105
favorite 0
quote 0
many are concerned about looming defense cuts. if they come, how can you make sure nv's air force base, naval force base and, all economic engines for those communities, stay viable pieces of nevada? >> look, every generation, our nation calls upon men and women to go and fight for us. they sacrifice a great deal, they risk their lives, and when they come back, we need to make sure we provide these veterans with the benefits we promised them. that is why i was so proud to be able to help build the hospital, the brand-new hospital in nevada. it will take care of veterans dropped the state. -- throughout the state. that is why i passed the bill so we can provide resources for people who are coming back from the field of battle with problems and emotional problems. when my opponent had a chance to stand with veterans and fight with them, or fight for big oil, he chose to fight for big oil and give them tax breaks instead of making sure we protected the homeless veterans. there was a homeless veterans housing voucher program my oppone
many are concerned about looming defense cuts. if they come, how can you make sure nv's air force base, naval force base and, all economic engines for those communities, stay viable pieces of nevada? >> look, every generation, our nation calls upon men and women to go and fight for us. they sacrifice a great deal, they risk their lives, and when they come back, we need to make sure we provide these veterans with the benefits we promised them. that is why i was so proud to be able to help...
132
132
Sep 27, 2012
09/12
by
WJLA
tv
eye 132
favorite 0
quote 0
we have a tough defense. solid defense. i love a challenge. we will see what happens. >> speaking of running backs, the redskins replaced a player with an injury. at bank of america, we're continuing to lend and invest in the people, businesses, and organizations that call greater washington home. whether it's funding an organization that provides new citizens with job training, working with an anacostia school that promotes academic excellence or supporting an organization that serves 5,000 meals a day across d.c., what's important to the people of greater washingngton is important to us, and we're proud to work wik all those who are making our commuties stronger. >> coming up tomorrow night at 11:00, i talk with the new abc show's inspiration. she gives us a hint about what you can expect this season. that is tomorrow night at 11:00. an abandoned cabin is thriving tonight thanks to an unlikely -- kitten is thriving tonight thanks to an unlikely friend. the dog started producing milk and she has been nursing the kitchenten. >> all right. >> s
we have a tough defense. solid defense. i love a challenge. we will see what happens. >> speaking of running backs, the redskins replaced a player with an injury. at bank of america, we're continuing to lend and invest in the people, businesses, and organizations that call greater washington home. whether it's funding an organization that provides new citizens with job training, working with an anacostia school that promotes academic excellence or supporting an organization that serves...
123
123
Oct 1, 2012
10/12
by
FOXNEWS
tv
eye 123
favorite 0
quote 0
you are the former deputy under secretary of defense. we are not getting that, at least as to what happened, why, who knew what, and when. what do you make of that? >>guest: they are trying to sort out the story. the claim for more aid to egypt is just more evidence of no policy in the whole area. the obama administration has failed to lead. there is a vacuum of power there. a lot of bad guys are rushing in to fill the vacuum. the idea that we would be sending another half a billion in aid, and we have all right spent more than $2 billion in egypt already, it is crazy. they were supposed to move to a democracy, morsi has rejected free speech. it will be another islamic despot. >>neil: romney's initial response was a cairo situation before news of libya, where they were reacting presumably to the stupid film on mohammed, when, in fact, he was calling into question our embassy's initial apology which was retracted because they claim an apology was never made but we are going back to cairo so say maybe more money is the answer. that is weir
you are the former deputy under secretary of defense. we are not getting that, at least as to what happened, why, who knew what, and when. what do you make of that? >>guest: they are trying to sort out the story. the claim for more aid to egypt is just more evidence of no policy in the whole area. the obama administration has failed to lead. there is a vacuum of power there. a lot of bad guys are rushing in to fill the vacuum. the idea that we would be sending another half a billion in...
61
61
Sep 29, 2012
09/12
by
FBC
tv
eye 61
favorite 0
quote 0
the defense cuts are very bad policy. secretary of defense has said is the hall of the u.s. military and heard his readiness and ability to defend our nation. that's a terrible idea. we are now finding a more and more about the sequester. the law says that if you're going to cut the defense spending and lay off workers the contractors have to give those workers 60 days' notice. that would have come before the election. conveniently department of labor says you don't have to send out those notices. today we found that the administration said that those same contractors guy if you don't send out a notice and get sued we will pay all legal costs. now the taxpayer is going to be on the hook for the compensation and legal costs because everyone will see knowing that the money is there. lori: so, with reference to the fiscal cliff, it could tip the u.s. and possibly the global economy into recession. we know what's going on in your. at the very least it would be likely to have the rate of global growth in 2013. what you think will happen after the birth? >> it would be irresponsib
the defense cuts are very bad policy. secretary of defense has said is the hall of the u.s. military and heard his readiness and ability to defend our nation. that's a terrible idea. we are now finding a more and more about the sequester. the law says that if you're going to cut the defense spending and lay off workers the contractors have to give those workers 60 days' notice. that would have come before the election. conveniently department of labor says you don't have to send out those...
188
188
Sep 30, 2012
09/12
by
CSPAN
tv
eye 188
favorite 0
quote 0
i do believe in a strong national defense, but the optimum board is defense, not offense. we do not have the mour money cy spent here at home. >> todd akin. >> it is important to have a foreign policy to start with. you have to have some basic principles, the guidelines. that needs to an acute -- includingraq, afghanist, a whole lot of other countries as well. the problem is we have not had that. what it seems like the vacillating policies we have almost punished our friends and helped o enemies. we decided to turn our backs on two of our allies, the czech republic and poland. we had plans to build missile defense. we gave that is a concession to russia. how much has russia helped us with iran? how much has russia helped us with the situation in afghanistan? giving special attention to chavez and turning our back on netanyahu when he wanted to meet with the president, the sending of mixed signals is very destructive to foreign policy. in the case of egypt, for instance, we talked a little bit about that in a press release. this is a country that should be protectg our emba
i do believe in a strong national defense, but the optimum board is defense, not offense. we do not have the mour money cy spent here at home. >> todd akin. >> it is important to have a foreign policy to start with. you have to have some basic principles, the guidelines. that needs to an acute -- includingraq, afghanist, a whole lot of other countries as well. the problem is we have not had that. what it seems like the vacillating policies we have almost punished our friends and...
128
128
Sep 28, 2012
09/12
by
WJLA
tv
eye 128
favorite 0
quote 0
the defense, not so much. what was supposed to be one of the team's strengths has turned out to be its biggest weakness. washington currently ranks 30th. they've given up 101 points in just three games. >> i am not going to write the book on this yet. we have to continue to get better. after years of ineffectiveness, the redskins' pulling theirally weight. the average more points per y other team in the nfl. >> power defense is going to play and how many points we are going to score. we take a week by week. >> if they need any added incentive, they can look to secondary coach. he is returning to tampa for the first time since being fired. we have a ton of things to play for. an addition have this weekend. there is someone else out on the wizards as well. >> good news all around. coming up next, first got bad news that he was losing his job. but then he got some good news. i'm barack obama, and i approve this message. christie: i do the laundry, i pay the bills, i make sure my kids are fed and rested and health
the defense, not so much. what was supposed to be one of the team's strengths has turned out to be its biggest weakness. washington currently ranks 30th. they've given up 101 points in just three games. >> i am not going to write the book on this yet. we have to continue to get better. after years of ineffectiveness, the redskins' pulling theirally weight. the average more points per y other team in the nfl. >> power defense is going to play and how many points we are going to...
180
180
Sep 29, 2012
09/12
by
KQEH
tv
eye 180
favorite 0
quote 0
>> i don't think so. >> can romney put obama on the defensive? >> he'll have to. >> both could put the other on the defensive. >> who is going to fight for that and proceed as though it doesn't exist? >> no, no, no, they will both fight for that. the whole point is now, whoever two-thirds of the country think the economy is headed in the wrong discretion. there is a huge 23%, 23 million people are out of work. people have lost 40% of the net worth and 40% of the income. >> and they are more optimistic about the president all of >>> issue two, mahmoud versus bb. >> the policies of the world's main centers of power are based on the principle of domination and the conquering of others. these centers only seek supremacy and are not in favor of peace and definitely not at the service of their nations. continued threats by the unsievelized designennists to resort to military action against our great nation is a clear example of this bit of reality. >> in his speech before the united nations general assembly, mahmoud amidin jab, he railed against israel
>> i don't think so. >> can romney put obama on the defensive? >> he'll have to. >> both could put the other on the defensive. >> who is going to fight for that and proceed as though it doesn't exist? >> no, no, no, they will both fight for that. the whole point is now, whoever two-thirds of the country think the economy is headed in the wrong discretion. there is a huge 23%, 23 million people are out of work. people have lost 40% of the net worth and 40% of...
409
409
Sep 30, 2012
09/12
by
CSPAN
tv
eye 409
favorite 0
quote 1
right now we spend $300 billion a year on defense. the japanese spend around $30 billion, the germans spend around $ billion in europe. for example, germany will spend $30 million building an infrastur over the next ten years, kind of easy if have ck up a $30 billion tab to defend your country. the european counity is in a position pay a lot more than they have in past. now that they can, they ld. we seem to have a desire to stay over there l. they don't want us to control it, very candidly, so i think it is very important for us to led them assume more and more of the burden and for us to bring that money back here and rebuild our infrastructure, becauswe n only be a superpower if weareconomic superpower, and we can only an economic superpower if we have a growing, expanding job base. ernor clinton, one minute, sir. >> i agree with the general statement mr. bush made. i disagree that we need 150,000 troops to fulfill our role in europe. we certainly must maintain an engagement there. there are certainly dangers there, there are certa
right now we spend $300 billion a year on defense. the japanese spend around $30 billion, the germans spend around $ billion in europe. for example, germany will spend $30 million building an infrastur over the next ten years, kind of easy if have ck up a $30 billion tab to defend your country. the european counity is in a position pay a lot more than they have in past. now that they can, they ld. we seem to have a desire to stay over there l. they don't want us to control it, very candidly, so...
150
150
Sep 25, 2012
09/12
by
CSPAN
tv
eye 150
favorite 0
quote 0
i do believe in a strong national defense, but the optimum word is defense, not offense. we do not have the money to continue the wars. our money could be more wisely spent here at home. >> todd akin. >> it is important to have a foreign policy to start with. you have to have some basic principles, the guidelines. that needs to an acute -- include iraq, afghanistan, a whole lot of other countries as well. the problem is we have not had that. what it seems like the vacillating policies we have almost punished our friends and helped our enemies. we decided to turn our backs on two of our allies, the czech republic and poland. we had plans to build missile defense. we gave that is a concession to russia. how much has russia helped us with iran? how much has russia helped us with the situation in afghanistan? giving special attention to chavez and turning our back on netanyahu when he wanted to meet with the president, the sending of mixed signals is very destructive to foreign policy. in the case of egypt, for instance, we talked a little bit about that in a press release. t
i do believe in a strong national defense, but the optimum word is defense, not offense. we do not have the money to continue the wars. our money could be more wisely spent here at home. >> todd akin. >> it is important to have a foreign policy to start with. you have to have some basic principles, the guidelines. that needs to an acute -- include iraq, afghanistan, a whole lot of other countries as well. the problem is we have not had that. what it seems like the vacillating...
88
88
Sep 29, 2012
09/12
by
CSPAN2
tv
eye 88
favorite 0
quote 0
obama's people point all the time look at the unprecedented defense cooperation and missile defense and other things, and it is unprecedented. well, it's precedented because the bush administration beforehand had begun that ratcheting up of cooperation between with the israel defense forces after 9/11. that cooperation is a two-way street. the israelis have designed equipment that has saved the lives of americans in afghanistan. and, indeed, self sealing bandages, it's one of the reasons it saves lives of people who have been hit, improved wound healing. so it's a two-way thing. they're constantly talking, swapping tactics, things about drones. so a lot of good things there. but what the right hand giveth with defense, the left-handed diplomatic takes away with pressure to free settlement, something the palestinians have never asked for, israel was told it should negotiate from, what were called by the administration 1967 borders, which were the 1939 cease-fire lines, which are not borders. and the palestinians immediately adopted that. so then there was a series of breach in the spring
obama's people point all the time look at the unprecedented defense cooperation and missile defense and other things, and it is unprecedented. well, it's precedented because the bush administration beforehand had begun that ratcheting up of cooperation between with the israel defense forces after 9/11. that cooperation is a two-way street. the israelis have designed equipment that has saved the lives of americans in afghanistan. and, indeed, self sealing bandages, it's one of the reasons it...
167
167
Oct 3, 2012
10/12
by
FOXNEWS
tv
eye 167
favorite 0
quote 0
virginia is the home to a lot of the defense workers. hey. hey eddie. i brought your stuff. you don't have to do this. yes i do. i want you to keep this. it'd be weird. take care. you too. [ sighs ] so how did it go? he's upset. [ male announcer ] spend less time at gas stations with best in class fuel economy. it's our most innovative altima ever. ♪ droid does. and does it launch apps by voice while learning your voice ? launch cab4me. droid does. keep left at the fork. does it do turn-by-turn navigation ? droid does. with verizon, america's largest 4g lte network, and motorola, droid does. get $100 off select motorola 4g lte smartphones like the droid razr. >>neil: we are told the crowd cannot applaud or chant or anything like that. sometimes it cannot be controlled. what happens in this room tone, like we won't stay in this room, if people at home are shocked, chances are people in this room will be shocked. we will be on it. all of it. every potentially embarrassing second it tonight. that is what is in story tonight. one thing republicans are seizing on is the letters
virginia is the home to a lot of the defense workers. hey. hey eddie. i brought your stuff. you don't have to do this. yes i do. i want you to keep this. it'd be weird. take care. you too. [ sighs ] so how did it go? he's upset. [ male announcer ] spend less time at gas stations with best in class fuel economy. it's our most innovative altima ever. ♪ droid does. and does it launch apps by voice while learning your voice ? launch cab4me. droid does. keep left at the fork. does it do...
30
30
tv
eye 30
favorite 0
quote 0
perhaps a bradley manning defense fund that's so interesting i hadn't thought about that it's almost you know that term that's used in the national defense authorization act that's so controversial the associated force. anyone that reads this or publishes it and as you said the new york times as several other publications certainly talks about wiki leaks all the time every major publication every major news outlet around the world has has referred to were reprinted it in some way shape or form that is a very good point i want to get to something that you talked about that that's really important i'll be honest julian assange seems to be a little bit tortured based on what has been going on with bradley manning he reminded everyone listening that bradley manning has now been locked up in prison for eight hundred fifty six days now it was one of the first things he spoke about in his speech tonight the last time we heard from his and by the way i believe was when he was on the balcony of the ecuadorian embassy saying thank you to ecuador we just learned that he would be granted asylum
perhaps a bradley manning defense fund that's so interesting i hadn't thought about that it's almost you know that term that's used in the national defense authorization act that's so controversial the associated force. anyone that reads this or publishes it and as you said the new york times as several other publications certainly talks about wiki leaks all the time every major publication every major news outlet around the world has has referred to were reprinted it in some way shape or form...
89
89
Oct 1, 2012
10/12
by
CSPAN2
tv
eye 89
favorite 0
quote 0
would you welcome defense assistant secretary of defense brett lambert. [applause] [applause] >> thank you, i appreciate. it's too easy. i can't go without saying so you give us food for thought. [laughter] but thanks very much for having me. i'm particularly pleased to be here at the po tow mack -- since i joined the government i insights, paper and products from is really a source for unbiased forward leaning thinking. on a wide varietity of technology issues that often confound us certainly inside the building and i don't think they debt get the daily recognition they deserve. if it's any consolation, i try to steal from your products as often as possible because they offer a tremendous amount of insight. and i also want to thank you for the steve who is here today in the our office working on a number of manufacturing issues particularly as they relate to the supply chain. for this part of it, before we get to the q & a. i would like to stand back a little bit and try to frame the specific threat of cyber in a larger context. the overall industrial ba
would you welcome defense assistant secretary of defense brett lambert. [applause] [applause] >> thank you, i appreciate. it's too easy. i can't go without saying so you give us food for thought. [laughter] but thanks very much for having me. i'm particularly pleased to be here at the po tow mack -- since i joined the government i insights, paper and products from is really a source for unbiased forward leaning thinking. on a wide varietity of technology issues that often confound us...